In April 2014, the output of India’s eight core industries grew by 4.2%, compared to 3.7% in April 2013. The principle drivers of growth were the cement, electricity and fertilizer sectors.
Cement production increased by 6.7% in April, indicating a higher rate of growth than last year’s 5.2%. Electricity generation and fertilizer production improved by 11.2% and 11.1%, respectively. At 3.3%, output from India’s coal industry was also higher then in April 2013. Steel production was up 3.1% in April, although this compares to growth of 10.1% in the corresponding month in 2013.
Natural gas, crude oil and petroleum refinery products all saw a decline in growth, with output falling by 7.7%, 0.1% and 2.2%, respectively.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/03062014/india_core_sector_growth_in_april_2014_287/
